rentals: The Most Expensive Manhattan Neighborhood for Renters Is...
- 10/16/14 07:27 AM
Rental listings site Zumper is back with a new report (warning: PDF!) that details just how much one-bedrooms and two-bedrooms cost in various New York City neighborhoods. And the winner (Or is it the loser? If you're paying a lot to live there?) is... the Flatiron District, with a 1BR median rent of $4,200/month. It is closely trailed by Tribeca ($4,195), Dumbo ($4,040), NoMad ($3,795), and Chelsea ($3,793).

For more affordable rentals, eyeball the bottom of the list, where areas like Forest Hills, Brighton Beach, Rego Park, Central Harlem, and Bed-Stuy reside.

When you look at Zumper's figures for the rest of the country, just take (0 comments)

rentals: THE DREADED TENANT BLACKLIST: WHAT YOU NEED TO KNOW
- 07/09/14 05:46 AM
Jeffrey Zeldman The family of three living on the Upper West Side stopped paying rent when they discovered their apartment was riddled with mold, causing the wife to fall seriously ill. When the landlord wouldn’t address the issue, they decided to move out, and fast, winding up in a hotel. But their troubles didn't stop there. They ended up on the so-called tenant blacklist and subsequently had major problems securing future apartments. These blacklists are not a new phenomenon, but New Yorkers have recently been paying more attention to them, and the problems associated with winding up on a list. (See, for example, (0 comments)

rentals: NO VACANCY: PRO TIPS FOR THE SMALL LANDLORD SEEKING A RENTER
- 06/25/14 09:21 AM
One of the hardest parts of renting out an apartment is finding a good tenant; these four methods are your best bets If you're looking to rent out the top floor of your brownstone or sublet your apartment during a posting abroad, you'll no doubt want to find a respectful, financially stable renter. But where's the best place to lock one down? Take a cue from professional property managers and landlords, who let us know the best ways for smaller owners to locate good tenants. Post an online ad: The easiest way to reach renters is, not surprisingly, by posting ads on any number (1 comments)

rentals: REBNY to integrate IDX into its listing service
- 06/20/14 02:43 PM
The Real Estate Board of New York will adopt a widely used web marketing tool that makes it easier for consumers to search listings from multiple brokers on a single brokerage’s website. Following the integration of the Internet Data Exchange, or IDX, potential renters and buyers will no longer have to go through a registration process to access listings provided through REBNY’s RLS data platform, the trade group said Thursday. IDX is already woven into multiple listings services operated by other real estate associations around the country. “It’s going to benefit the consumer, because it’s an easier way to search for real (0 comments)

rentals: RENTING OFF THE L TRAIN: WHAT DOES IT REALLY COST, AND WHAT DO YOU GET
- 06/19/14 10:44 AM
Does moving farther east still get you a deal? It's conventional wisdom that living closer to Manhattan saves you on rent. But what does it actually cost to live along successive L train stops? Shooting straight off the East Village into north Brooklyn, the L train is almost like a road map of gentrification and future rent hikes. For years now, the city's budget-conscious and/or artistically inclined have found accommodation off the L, and as landlords have hiked prices, they've steadily moved stops farther from Manhattan, ​adding a few minutes to the commute to save on rent. The pattern is so well-established that the L has earned the nickname "the line of (0 comments)

rentals: THE SEEMINGLY SKETCHY (BUT TOTALLY LEGIT) WAY TO LOCK DOWN A RENTAL
- 05/22/14 08:42 AM
Get a headstart on the competition for scarce apartments by offering a "good faith deposit" What could possibly have possessed me to withdraw $600 cash from a bodega ATM in Bushwick at 10 o'clock at night, climb into the car of a broker I'd just met, and hand over an envelope bulging with $10 bills? Desperation. After looking at scores of dingy studios advertised as well-kempt one-bedrooms, and with the end of the month drawing closer, a broker we found through Naked Apartments had just shown my boyfriend and me a clean, spacious, well lit apartment spanning the entire second floor of a brownstone, in our (0 comments)

rentals: Eight out of 10 Manhattan homes bought all with cash
- 05/16/14 07:34 AM
In Manhattan real estate, cash is king. While about four out of every 10 homes sold in the U.S. in the first quarter were paid for entirely in cash, Manhattan’s rate is much higher. In fact, eight out of 10 homes in the borough were bought with cash during the last three quarters, according to RealtyTrac. Darren Blomquist, vice president at RealtyTrac, told the Washington Post that the high rate of cash transactions might be fueled by foreign investors who are buying property in New York. Chinese buyers, especially, are increasingly active in the market. Tight credit, along with a low supply (0 comments)

rentals: Where To Find Cheaper Rentals in Five Expensive NYC 'Hoods
- 05/15/14 05:07 PM
The folks over at rental listings site Zumper have parsed current listing data for five New York City neighborhoods in an effort to suss out their "cold pockets"—that is, little swaths in which the median rent for a one-bedroom apartment is significantly lower than the same figure for the area as a whole. Curbed has explored some parts of town already, so onto another five. Above, in Hell's Kitchen, find cheaper one-bedrooms between Ninth and Eleventh Avenues, south of 51st Street. The 1BRmedian there is $2,600, compared with $3,200 for the entire neighborhood.

In Brooklyn Heights, renters looking to save a few (hundred) bucks should aim south of Pineapple Street. There one-bedrooms like (2 comments)

rentals: NYC'S MOST UP AND COMING NEIGHBORHOODS
- 04/17/14 08:27 AM
No other city changes as quickly as New York City. It's easy to feel behind on the latest trends, restaurants and hotspots. As Manhattan luxury apartment specialists, we're happy to provide you a bit of foresight into NYC's most up and coming neighborhoods. Lower East Side

What it Was: Just south of the East Village, the Lower East Side used to be an immigrant/working-class neighborhood in the 80’s and 90’s. What's Changed: Beginning in the early 2000’s, the LES started developing with lots of trendy restaurants and bar life. What's Coming (photo above):The once vacant parking lot on Delancey Street will become The Essex Complex (0 comments)

rentals: The Most Popular Manhattan Rental Listings Of The Last Week
- 11/21/13 07:59 AM
Yesterday we rounded up the top 10 most expensive rental listings in the city, but those places aren't exactly where most of the city's renters are looking. So today, we are looking at the top 10 most popular Manhattan rental listings of the past week, according to data from StreetEasy. The listings, which were sorted by the number of pageviews, highlight that everyone is always searching for the best deal—the most expensive unit on this list is a $3,000/month two-bedroom. ↑10) 32 East 7th Street, East VillageThe listing for this two-bedroom makes no mention of a living room, and judging by the photos, there may not be one. (0 comments)

rentals: Mapping the Median Rents in New York City
- 11/06/13 08:13 AM
[Median rents for 1BRs and 2BRs] The number crunchers over at rental listings website Zumper, in addition to finding New York City's cold pockets and figuring out how much money your commute saves you, have put together these more straightforward infographics identifying the median rent for the past month in each Manhattan neighborhood (as well as a few in Brooklyn and also Astoria). The breakdown: the median price this past month was $3,150 for a 1BR and $4,398 for a 2BR. The most expensive neighborhood was Tribeca (no surprise there) for both 1BRs ($4,180) and 2BRs ($6,275), while the second and third spots for 1BRs went to Greenwich Village and (0 comments)

rentals: Manhattan Rental Market Heating Up and on the Rise
- 10/07/10 11:08 AM
Manhattan rental units in the third quarter moved faster and were less negotiable than last year at the same time, while studios and one-bedrooms outperformed larger apartments, according to quarterly market reports released today. The listing discount -- the difference between the asking rent and the rent the tenant pays -- shrank to 1.7 percent in the third quarter, the lowest level since 2006, according to a market report from Prudential Douglas Elliman. Meanwhile, the average number of days a listing sat on the market was 38, down from 77 in the third quarter of 2009, the report says. That means (0 comments)

rentals: Need a Renter? Try Giving Away Free iPads and Bicycles
- 05/10/10 10:57 AM
Prospective buyers playing hard-to-get? How about sweetening the deal with an iPad? Some developers and brokers are turning to quirky giveaways, hoping the extra incentives will help fill buildings during this tough economy. The freebies, often tacked on to traditional incentives such as fee eliminations or coverage of certain taxes, are the latest trend in attention-getting promotions. In one online ad, a broker with Platinum Properties offered to throw in two custom suits worth $2,000 each with the keys to a penthouse apartment. The broker could not be reached to say if the penthouse had been rented. Last month, Alchemy Properties (3 comments)

rentals: New Yorkers Brace for Doorman Strike
- 04/19/10 12:05 PM
It has been nearly two decades since New Yorkers faced their last doorman strike, but as the deadline for a new contract for building workers approached, the questions being posed throughout the city remained largely unchanged on Sunday. Enlarge This Image As the possibility of a strike loomed, a doorman on Park Avenue helped with packages on Sunday. Who will safeguard my apartment as I sleep? Greet my children when they come home from school? Accept deliveries? Clean the hallways? Sort the mail? Operate the elevator? And who, for goodness sake, will let the cleaning lady in? Residents, co-op boards and (2 comments)

Citi Habitats' February market rental report found that rents inched up slightly from the previous month but fell from the same period last year (see below for full report).According to the report, which includes only apartments leased by Citi Habitats, the average monthly rent for a studio increased 2 percent to $1,756 in February from $1,725 the previous month. Both figures are down from $1,764 in February of last year, according to Citi Habitats data.Average rents for one- and two-bedrooms each increased 1 percent in February of 2010 from the previous month, the report found, with one-bedroom rents rising (0 comments)

rentals: Illegal Conversion Boots Tenants From 1182 Broadway
- 03/11/10 10:06 AM
Our tipline has been abuzz this morning with rumors that all tenants were evacuated yesterday from rental building 1182 Broadway. We checked with the Department of Buildings—which has one "work without permit" violation posted for the property—to get the full story. And that is? A DOB spokesperson tells us the agency investigated after anonymous complaints and found that the property was illegally converted from a 16-floor manufacturing building into residential apartments. The building had no fire sprinklers, no secondary exit, and only one stairwell, which could trap tenants in the building in the event of a fire, so the DOB slapped (3 comments)

rentals: Manhattan apartments see annual price decline for first time since 1996
- 02/04/10 12:51 PM
A Prudential Douglas Elliman report released today depicts the spectacular rise of home prices over the past decade, but also the sudden -- and definitive -- arrival of the real estate slump in Manhattan. In 2009, Manhattan co-ops and condos saw year-over-year declines for the first time since 1996, the report shows. The average 2009 apartment sold for $1.39 million, down 12.5 percent from the previous year. The median price dropped 11 percent to $850,000 from 2008, while the average price per square foot sank 14.2 percent to $1,073. Other areas of the country have seen real estate activity and prices (0 comments)

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